DOUBLE M.P.: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
DOUBLE M.P.
NACE 90.311, Arts creation and performing arts activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€73,389
2024 · €79,011-€5,623
Equity
€510,952
2024 · €437,564+€73,389
Cash
€175,544
2024 · €171,910+€3,634
Balance sheet total
€2.9m
2024 · €2.4m+€482,090
Largest movements
Assets
- Financial fixed assets +€358,360
up €358,360 (+861%), from €41,640 to €400,000
- Tangible fixed assets +€171,976
up €171,976 (+10.4%), from €1.7m to €1.8m
of which Land and buildings: +€230,449
- Current investments -€70,000
down €70,000 (-16.7%), from €419,505 to €349,505
Equity and liabilities
- Debts after one year +€333,761
up €333,761 (+20.4%), from €1.6m to €2.0m
- Reserves +€94,500
up €94,500 (+25.2%), from €375,500 to €470,000
of which Distributable reserves: +€94,500
- Current portion of long-term debt +€53,152
up €53,152 (+43.1%), from €123,353 to €176,504
Income statement
- Financial charges +€17,390
up €17,390 (+35.9%), from €48,425 to €65,815
- Gross operating margin +€7,792
up €7,792 (+1.9%), from €419,461 to €427,253
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
€79,011
Gross operating margin
+€7,792
Staff costs
-€2,501
Depreciation
+€3,888
Other operating charges
-€1,981
Financial income
+€4,073
Financial charges
-€17,390
Taxes
+€495
Result 2025
€73,389
raises the resultlowers the result
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€235,268
Investment
-€624,869
Financing
+€393,236
Cash 2024
€171,910
From operations (derived)
+€235,268
Net result for the year
+€73,389
Depreciation
+€164,533
Receivables within one year
-€6,046
Deferred charges and accrued income
-€12,073
Trade debts
+€21,866
Tax, wage and social debts
-€8,342
Other debts
-€5,822
Accrued charges and deferred income
+€7,763
Investment (derived)
-€624,869
Investment in fixed assets (net)
-€694,869
Current investments
+€70,000
Financing
+€393,236
Debts after one year
+€333,761
Current portion of long-term debt
+€53,152
Short-term financial debts
+€6,323
Cash 2025
€175,544
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,428,203 | €2,910,293 | +€482,090 | +19.9% |
| Fixed assets | 21/28 | €1,702,471 | €2,232,807 | +€530,336 | +31.2% |
| Tangible fixed assets | 22/27 | €1,660,831 | €1,832,807 | +€171,976 | +10.4% |
| Land and buildings | 22 | €1,488,239 | €1,718,688 | +€230,449 | +15.5% |
| Plant, machinery and equipment | 23 | €168,346 | €108,456 | -€59,890 | -35.6% |
| Furniture and vehicles | 24 | €4,246 | €5,663 | +€1,417 | +33.4% |
| Financial fixed assets | 28 | €41,640 | €400,000 | +€358,360 | +861% |
| Current assets | 29/58 | €725,732 | €677,486 | -€48,246 | -6.6% |
| Amounts receivable within one year | 40/41 | €124,410 | €130,456 | +€6,046 | +4.9% |
| Trade receivables | 40 | €35,681 | €19,916 | -€15,765 | -44.2% |
| Other amounts receivable | 41 | €88,729 | €110,540 | +€21,811 | +24.6% |
| Current investments | 50/53 | €419,505 | €349,505 | -€70,000 | -16.7% |
| Cash at bank and in hand | 54/58 | €171,910 | €175,544 | +€3,634 | +2.1% |
| Deferred charges and accrued income | 490/1 | €9,908 | €21,981 | +€12,073 | +122% |
| Total equity and liabilities | 10/49 | €2,428,203 | €2,910,293 | +€482,090 | +19.9% |
| Equity | 10/15 | €437,564 | €510,952 | +€73,389 | +16.8% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €375,500 | €470,000 | +€94,500 | +25.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €375,500 | €470,000 | +€94,500 | +25.2% |
| Profit (loss) carried forward | 14 | €22,064 | €952 | -€21,111 | -95.7% |
| Amounts payable | 17/49 | €1,990,639 | €2,399,340 | +€408,701 | +20.5% |
| Amounts payable after more than one year | 17 | €1,633,189 | €1,966,951 | +€333,761 | +20.4% |
| Financial debts | 170/4 | €1,633,189 | €1,966,951 | +€333,761 | +20.4% |
| Amounts payable within one year | 42/48 | €261,510 | €328,687 | +€67,176 | +25.7% |
| Current portion of amounts payable after more than one year | 42 | €123,353 | €176,504 | +€53,152 | +43.1% |
| Financial debts | 43 | €40 | €6,363 | +€6,323 | +15,811% |
| Credit institutions | 430/8 | - | €6,323 | +€6,323 | |
| Other loans | 439 | €40 | €40 | = | 0.0% |
| Trade debts | 44 | €31,240 | €53,106 | +€21,866 | +70.0% |
| Suppliers | 440/4 | €31,240 | €53,106 | +€21,866 | +70.0% |
| Taxes, remuneration and social security | 45 | €27,817 | €19,475 | -€8,342 | -30.0% |
| Taxes | 450/3 | €18,753 | €6,266 | -€12,488 | -66.6% |
| Remuneration and social security | 454/9 | €9,064 | €13,209 | +€4,145 | +45.7% |
| Other amounts payable | 47/48 | €79,060 | €73,238 | -€5,822 | -7.4% |
| Accrued charges and deferred income | 492/3 | €95,940 | €103,703 | +€7,763 | +8.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €86,306 | €88,807 | +€2,501 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €168,421 | €164,533 | -€3,888 | -2.3% |
| Other operating charges | 640/8 | €22,603 | €24,585 | +€1,981 | +8.8% |
| Gross operating margin | 9900 | €419,461 | €427,253 | +€7,792 | +1.9% |
| Operating profit (loss) | 9901 | €142,130 | €149,328 | +€7,198 | +5.1% |
| Financial income | 75/76B | €10,371 | €14,445 | +€4,073 | +39.3% |
| Recurring financial income | 75 | €10,371 | €14,445 | +€4,073 | +39.3% |
| Financial charges | 65/66B | €48,425 | €65,815 | +€17,390 | +35.9% |
| Recurring financial charges | 65 | €48,425 | €65,815 | +€17,390 | +35.9% |
| Profit (loss) for the period before taxes | 9903 | €104,076 | €97,958 | -€6,118 | -5.9% |
| Income taxes | 67/77 | €25,065 | €24,569 | -€495 | -2.0% |
| Profit (loss) for the period | 9904 | €79,011 | €73,389 | -€5,623 | -7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €79,011 | €73,389 | -€5,623 | -7.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.